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JG Chemicals IPO last bidding day today: Check GMP, subscription status, review, key dates, more. Should you subscribe?

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JG Chemicals IPO last bidding day today: Check GMP, subscription status, review, key dates, more. Should you subscribe?

JG Chemicals IPO opened for subscription on Tuesday, March 5, and today (Thursday, March 7) is the last day to apply to the issue for those who are interested in subscribing. In the two days that the issue has been available for subscription, both retail and non-institutional investors have responded enthusiastically. JG Chemicals IPO subscription status was 6.40 times, as per BSE data, on the second day. The retail investors portion was subscribed to 8.32 times, Non Institutional Investors (NII) portion was booked 9.64 times, and Qualified Institutional Buyers (QIB) portion was booked at 45%. On day 1, JG Chemicals IPO subscription status was 2.47 times.

It has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.

JG Chemicals IPO price band has been set in the range of ₹210 to ₹221 per equity share of the face value of ₹10. Investors can bid for a minimum of 67 equity shares and in multiples of 67 equity shares thereafter. JG Chemicals raised ₹75.35 crore from anchor investors on Monday, March 4.

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